In a country with millions of small businesses, now is a great time to invest in your own! Business ownership comes with many benefits, but before starting your own business from scratch, it’s a good idea to learn about all the advantages of buying an existing company. Continue reading to learn about three great benefits of purchasing an existing business with the help of Atlantic Business Brokerage.
Compared to opening a new business from scratch, buying an existing business is a great, low-risk investment. Starting a new business is a huge risk that costs a significant amount of money, including costs from real estate, hiring and training employees, equipment, furniture, marketing your business, and much more. An existing business will already have these things in place, and many of these aspects are included in the asking price (depending on the transaction.) However, be sure to consult with a business broker to ensure you’re making a wise investment that includes the real estate, equipment, and more.
Keep Employees and Customers
When buying an existing business, you will keep loyal staff members and clientele who want to see the company succeed under new ownership. Having a fully-trained staff makes the process much easier and stress-free, as they won’t need training, and may even help you learn if you are new to the industry. Employees can often provide honest feedback about the business operations, and share positive and negative aspects of the job they experienced under the previous owner. Loyal customers will also want the business to do well, and may provide great insight on how to make improvements.
When buying a successful business, you have the opportunity to implement creative ideas and work hard to make the company grow. Once you invest and the deal is completed, you can really make a business your own and share your amazing ideas!
The Buying Process
If you’re interested in buying an existing business, ABBI is here to help find the perfect opportunity for you! Taking a look at our listings page is a great place to start, as we have multiple businesses currently available for sale. However, if you’re still undecided or you don’t see a specific business you’d like to purchase, be sure to contact us and let us know. We also list new businesses for sale that we can inform you about in advance, and have an extensive network of seller contacts to inquire if they’re currently interested in selling their business. Some of our most popular businesses now available for sale/purchase include Blaze Pizza, Five Guys Burgers & Fries Franchises, Sub & Sandwich Franchises, and Trampoline Park & Fitness Center Franchises!
Buying With With Atlantic Business Brokerage, Inc.
At Atlantic Business Brokerage, our mission is quite simple; we help sellers sell businesses, and buyers buy businesses! Over the past 30 years, ABBI has facilitated the sale of countless commercial properties, businesses, and franchised locations. With our unparalleled knowledge of the business purchase and sale industry and our network of contacts, we offer services to both buyers and sellers that no other brokerage firm can match.
Contact us to discuss your business buying and selling goals today at 410-561-9800, or Toll-Free at 800-279-7569. Email us at [email protected], keep up with our blog, and follow us online on Facebook and LinkedIn.